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"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Monday, October 8, 2012

ECB board member shuts door on Greek pleas for leniency

ECB board member shuts door on Greek pleas for leniencyTelegraph.co.ukMr Asmussen also said that statements by ECB members, including president Mario Draghi to do "everything to defend the euro" had helped to ease market tensions, but warned that the current calm was "deceptive", and called for all eurozone countries ...Telegraph.co.uk

Hostile Greeks Await Merkel's First Debt Crisis VisitCNBC.comAfter toying with the idea of a Greek exit from the euro zone in the first half of 2012, Merkel has come full circle and decided the risks of the country leaving are too high, especially with a German election looming next year. The trip is a sign of ...

Single euro-zone budget gains momentum ahead of summitReutersFrance favours financial transactions tax to fund it. By Luke Baker. BRUSSELS, Oct 7 (Reuters) - Debate about the idea of creating a separate budget for euro zone countries is intensifying in the run up to an EU summit later this month, with less ...

A Bailout Bazooka Awaits Its AmmoNew York TimesDreamed up two years ago by euro zone ministers and officials as a permanent weapon against any financial problems that might besiege the region, the $650 billion bazooka might eventually be aimed at Spain's banking crisis, for example. Or it could ...

Debt crisis: Spain's jobless flee to Argentina - Telegraph: "Desperate Spaniards are fleeing in their thousands to set up new lives in Argentina, preferring rampant inflation to the prospect of searching for a job in a country with the highest unemployment rate in the industrialised world."

Semblance of stability as world leaders meetReutersAlthough investors realize this meeting of top economic chiefs -- the Group of 20 finance ministers, International Monetary Fund and World Bank -- in Tokyo cannot possibly produce quick fixes foreuro zone's debt crisis or the approaching U.S. fiscal ...

Euro's Path Depends on Finance Ministers' MeetingWall Street JournalThe euro's near-term direction is likely to be determined by a meeting early this week of euro-zone finance ministers, who are expected to discuss a potential bailout of Spain. Last week, Spain Prime Minister Mario Rajoy played down the odds of Spain ...

Old Grievances Resurface in Europe's Debt CrisisCNBC.comIn this sense, the regional argument is the euro zone argument writ small, as richer northern countries like Germany, Finland and Austria complain that their comparative wealth and success are being drained to keep countries like Greece, Portugal and ...

Cameron warns Britons to expect more budget cutsChicago TribuneCameron cited the euro zone crisis in explaining the problems facing the British economy, comments which are likely to please the influential euroskeptic wing of his Conservatives as they gather for the party's annual conference. Related; Cameron warns ...

Investment could take up the torchBangkok PostThe central bank projects that global economic growth will be mute for a prolonged period, due to theeuro zone's public debt crisis and subdued growth in the United States. Dr Prasarn said the Yingluck Shinawatra government had launched a number of ...

Merkel to face protests on first crisis visit to GreeceYahoo! News (blog)Opponents, some of whom have caricatured her as a bullying Nazi, have promised protests on Tuesday during her first visit to Greece since the euro zone crisis erupted there in 2009. "She does not come to support Greece, which her policies have brought ...